TALO Stock Summary and Trading Ideas (Talos Energy | NYSE:TALO)

Talos Energy Inc is an independent oil and gas company predominantly involved in offshore exploration and production. The company has operations in the United States, the Gulf of Mexico, and offshore Mexico. The company's operating segments are; exploration and production of oil, natural gas and NGLs, and the CCS segment. The revenue is generated from the sale of oil, natural gas, and NGL quantities sold to purchasers.

Talos Energy trades on the NYSE stock market under the symbol TALO.

As of November 13, 2024, TALO stock price declined to $11.79 with 2,179,435 million shares trading.

TALO has a beta of 0.77, meaning it tends to be less sensitive to market movements. TALO has a correlation of 0.05 to the broad based SPY ETF.

TALO has a market cap of $2.12 billion. This is considered a Mid Cap stock.

Last quarter Talos Energy reported $509 million in Revenue and -$.14 earnings per share. This beat revenue expectation by $9 million and missed earnings estimates by -$.08.

In the last 3 years, TALO traded as high as $25.49 and as low as $8.57.

The top ETF exchange traded funds that TALO belongs to (by Net Assets): IJR, IWM, VTI, AVUV, XOP.

TALO has underperformed the market in the last year with a return of -16.7%, while the SPY ETF gained +37.1%. In the last 3 month period, TALO fell short of the market, returning -1.5%, while SPY returned +12.3%. However, in the most recent 2 weeks TALO has outperformed the stock market by returning +18.9%, while SPY returned +2.7%.

TALO support price is $11.63 and resistance is $12.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TALO shares will trade within this expected range on the day.